Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of $1,000,10$ years to maturity, and a coupon rate of $7\mathrm{.}6$ percent paid annually. If the yield to maturity is $8\mathrm{.}7$ percent.

what is the current price of the bond?